Entrepreneurial

To start, some sage advice

April 3, 2009

As we all know, the life of an entrepreneur can be extremely hectic – so many great ideas, too little time and money to realize their full potential.

Dharmesh Shah, Hubspot.com co-founderYet how much of that time spent worrying about every little detail is truly constructive, or even necessary at all? The 3 a.m. conversation with yourself is one all entrepreneurs share, as they race through all the events of the day and panic about their exponentially expanding ‘to-do’ lists.

Dharmesh Shah, a self-proclaimed “professional geek,” who started his first company at 24 – Pyramid Digital Solutions, a 401(k)-plan software firm he self-financed with less than $10,000 and eventually sold for what Shah claims was “millions more” than the $15 million it turned in revenues in 2004 (the year before it was sold) – is the kind of entrepreneur whose brain is constantly running.

The sale allowed Shah to begin helping fellow entrepreneurs, by giving him the financial means to invest in early-stage technology companies in the Boston area, where he lives and co-founded Hubspot in 2006. Shah and Hubspot invented Website Grader, a free marketing tool which rates business sites based on marketing effectiveness and provides a score and useful advice on how to improve. It has garnered the company roughly $17 million in venture capital funds from General Catalyst and Matrix Partners since launching. Their intoxicating spinoff Twitter Grader (my account – twitter.com/jdcook – managed a ho-hum score of 72/100 with a ranking of 384,845 out of 1,878,414), has become one of the most-used Twitter apps.

In addition to his angel activities, Shah shares his knowledge on his blog site OnStartups.com.

One particularly useful post recounts one of those early-morning conversations Shah routinely experiences with someone he knows all too well – himself. It offers some sage advice for any entrepreneur thinking about or in the middle of running a startup. The post is titled: “Startup Conversations With Myself.”

If you’re a more visual person and have five minutes to spare, you can watch Shah’s YouTube video on what Hubspot is all about.

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